American Brands That Have Been Bought Out By Other Countries

Published on January 4, 2023
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The Chrysler Building

The Chrysler Building is an iconic part of the New York City skyline, so when The Wall Street Journal announced that it was sold, many were absolutely shocked, especially since a non-American company bought it. In 2008, the Abu Dhabi Investment Council bought majority ownership for $800 million but later sold it to Austrian company SIGNA and New York company RFR for a bit over $150 million, making it a historic financial loss.

The Chrysler Building

The Chrysler Building

Spotify

Spotify has become an integral part of many of our lives, so it’s hard to believe it was founded in 2006, which is relatively recently. The Swedish-founded company bought 10% of Chinese Tencent Holdings in 2017, while Tencent bought 10% in Spotify. This helped bring the streaming giant to China.

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Spotify

Spotify